Ishares Euro Stoxx Mid Ucits Etf ETF Forecast

Ishares Euro Stoxx Mid Ucits Etf ETF upgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)

IQQM.F Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.82%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ishares Euro Stoxx Mid Ucits Etf ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 66.27€ and 69.23€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Ishares Euro Stoxx Mid Ucits Etf gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Ishares Euro Stoxx Mid Ucits Etf ETF

Ishares Euro Stoxx Mid Ucits Etf finds support from accumulated volume at 66.18€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved 0.310€ between high and low, or 0.469%. For the last week, the ETF has had daily average volatility of 0.726%.

Our recommended stop-loss: 62.67€ (-5.33%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 29 days ago.)

Trading Expectations (IQQM.F) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Ishares Euro Stoxx Mid Ucits Etf to open at 66.24€, and during the day (based on 14 day Average True Range), to move between 65.49€ and 66.91€, which gives a possible trading interval of +/-0.713€ (+/-1.08%) up or down from last closing price. If Ishares Euro Stoxx Mid Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 66.18€ (0.03%) than the resistance at 69.86€ (5.53%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ishares Euro Stoxx Mid Ucits Etf ETF A Buy?

Ishares Euro Stoxx Mid Ucits Etf holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.716 Hold/Accumulate Upgraded

Predicted Opening Price for Ishares Euro Stoxx Mid Ucits Etf of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.